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Indian rupee declines to record low after government raises tax on capital gains
The Indian rupee declined to record low after the domestic stock market crashed due to the government raising tax on capital gains.
Published on Jul 23, 2024 02:30 PM IST
HT News Desk | Edited by Abhyjith K. Ashokan
Rupee falls 5 paise to 83.54 against US dollar in early trade
At the interbank foreign exchange market, the rupee opened at 83.52 and lost further ground to trade at 83.54 against the greenback in initial deals.
Published on Jul 04, 2024 09:59 AM IST
PTI |
Goldman Sachs favours Euro for its favorite carry trade, the Rupee
Goldman Sachs carry trades the Rupee using Euros, betting the European Central Bank will further reduce interest rates, while the RBI keeps the Rupee stable.
Published on Jun 28, 2024 08:46 PM IST
HT News Desk | Edited by Abhyjith K. Ashokan
India's foreign exchange reserves rise by $810 mn to $653.7 bn on June 21: RBI
India's foreign exchange reserves rose to $653.7 billion during the week ended on June 21, with the rupee hitting a record low against the dollar.
Published on Jun 28, 2024 08:08 PM IST
HT News Desk | Edited by Abhyjith K. Ashokan
Rupee hits record low against US dollar, weakens past 83.58
At the interbank foreign exchange market, the local unit opened at 83.43 and lost further to 83.48 against the greenback.
Published on Jun 20, 2024 02:34 PM IST
PTI |
